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Euro / Japanese Yen

Simple idea on the EURJPY Could move Long or Short

By Trade_Like_RyRy
So with the ECB decided to extend their QE programme for another 9 months its went into meltdown later in the week, stuck in a range of big support and resistance. On the 4HR we are seeing rejection at the support level and over sold on the StochRSI so we could see a charge back up to 134 level. But more realistically the Euro going into meltdown, if it breaks the line of support i could see it hitting the 129.30 level. Still need to look for candle patterns/confirmation

Thank you.

Trade_Like_RyRy
euroForexTechnical IndicatorstradingTrend Analysisyen
Trade_Like_RyRy

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